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Mingde Heavy Declares Bankruptcy

Tongzhou District People’s Court in Nantong officially declared Nantong Mingde Heavy Industry bankrupt on July 31, ...

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Four 64,000dwt Bulkers Up for Grabs at Sainty Marine

Shenzhen-listed shipbuilder Jiangsu Sainty Marine Corp has put four 64,000 tons bulk carriers already constructed ...

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Sainty Marine Misses Out on Mingde Heavy Takeover

The receiver of bankrupt Nantong Mingde Heavy Industry believes that financial troubles engulfing Shenzhen-listed ...

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Mingde Misses Restructuring Plan Delivery Deadline

Mingde Heavy Misses Restructuring Plan Delivery Deadline

Nantong Mingde Heavy Industry, a subsidiary of the financially troubled shipbuilder Jiangsu Sainty Marine ...

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SE Shipping Takes Sainty Marine to Arbitration

Troubled Chinese shipbuilder Jiangsu Sainty Marine Corporation has agreed with Singapore-based SE Shipping Lines ...

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More Troubles for Sainty Marine

Chinese shipbuilder Jiangsu Sainty Marine Corp has been faced with another contract cancellation. The troubled ...

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Sainty Marine Loses Four More

Shenzhen-listed shipbuilder Jiangsu Sainty Marine Corp said that it has agreed with Dutch ship investment company ...

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Banks Freeze Sainty Marine’s Assets

Two banks have frozen Sainty Marine’s assets, the Chinese shipbuilder said in a filing with Shenzhen stock ...

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Universal Marine Orders Four Boxships

Dutch shipper Universal Marine has placed an order, its biggest yet, for four 2,350 TEU containerships to be built ...

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